AlphaInvestoor

So we kinda want $BTC to bounce here. If Bitcoin starts closing below 50 weekly MA it’s lights out.

Almost $500M in longs to be liquidated if Bitcoin goes down to $61k 📉 I am running my shorts to around $64k and then might consider going long on that $BTC bounce 📈

Not a massive fan of “formations”, but this $BTC wedge looks pretty bearish. The next target is roughly $56k. If we don’t immediately break down and get a bounce, will add to my Bitcoin shorts 📉

$BTC bounce in progress 📈 Maybe a few days, maybe be a few weeks.. I am starting to build my Bitcoin short position here again 📉

I am now expecting $BTC to bounce somewhere around $71k - $75k before another leg down 📉 This is a weekly time frame, might take some time to play out ⏳

Almost $500M in longs to be liquidated if Bitcoin goes down to $61k 📉 I am running my shorts to around $64k and then might consider going long on that $BTC bounce 📈

$BTC went down a bit lower than expected, therefore I don’t think Bitcoin will bounce back to $80k to place my shorts. I’m adjusting to around $71k - $74k for a little bounce and then lower again 📉

Sold some at a loss already, will wait and see if we have a relief rally this month and will sell the rest.. We got it wrong fam 🫡

I am hoping for a Bitcoin counter trend rally here to place my shorts. Will be looking anywhere around $80k - $84k to place my $BTC sell orders. Might take a few weeks to play out 👀

Assuming we’re entering a bear market, something like this is very likely. A few months of chop before crashing lower. I will be trading this, will keep you updated with my ideas. If you think something different is happening instead, please let me know 👇

I am hoping for a Bitcoin counter trend rally here to place my shorts. Will be looking anywhere around $80k - $84k to place my $BTC sell orders. Might take a few weeks to play out 👀

Bull market -> buy the dip 📈 Bear market -> sell the pump 📉